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224 hedge funds and large institutions have $3.22B invested in Avis in 2013 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 75 increasing their positions, 94 reducing their positions, and 70 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more call options, than puts

Call options by funds: $95.8M | Put options by funds: $62.4M

0% more capital invested

Capital invested by funds: $3.2B → $3.22B (+$15.6M)

1.05% less ownership

Funds ownership: 82.81%81.76% (-1.1%)

9% less funds holding in top 10

Funds holding in top 10: 1110 (-1)

16% less funds holding

Funds holding: 267224 (-43)

20% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 94

57% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 70

Holders
224
Holders Change
-43
Holders Change %
-16.1%
% of All Funds
7.26%
Holding in Top 10
10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-9.09%
% of All Funds
0.32%
New
30
Increased
75
Reduced
94
Closed
70
Calls
$95.8M
Puts
$62.4M
Net Calls
+$33.4M
Net Calls Change
+$17.2M
Name Holding Trade Value Shares
Change
Change in
Stake
SIM
1
SRS Investment Management
New York
$288M
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$254M -$4.63M -154,842 -2%
IAM
3
Iridian Asset Management
Connecticut
$212M +$84.1M +2,814,803 +62%
CWAM
4
Columbia Wanger Asset Management
Illinois
$194M
Vanguard Group
5
Vanguard Group
Pennsylvania
$160M +$4.41M +147,623 +3%
PCM
6
PAR Capital Management
Massachusetts
$154M +$1.25M +41,900 +0.8%
BRC
7
Blue Ridge Capital
New York
$123M +$56.8M +1,900,200 +81%
Hotchkis & Wiley Capital Management
8
Hotchkis & Wiley Capital Management
California
$88.2M +$6.9M +230,800 +8%
AWG
9
Alpha Wave Global
New York
$82.1M +$23M +770,000 +37%
TCM
10
TimesSquare Capital Management
New York
$81.8M +$25.5M +853,550 +43%
Wellington Management Group
11
Wellington Management Group
Massachusetts
$75.2M +$22.5M +753,576 +41%
BIT
12
BlackRock Institutional Trust
California
$75.2M -$10M -335,866 -11%
PC
13
PointState Capital
New York
$69.2M -$11.5M -386,117 -14%
OAMG
14
Odey Asset Management Group
United Kingdom
$68M -$24.6M -824,368 -26%
First Eagle Investment Management
15
First Eagle Investment Management
New York
$63.4M +$36.9M +1,235,890 +128%
GGHC
16
Gilder Gagnon Howe & Co
New York
$58.5M -$5.19M -173,582 -8%
State Street
17
State Street
Massachusetts
$49.9M +$11.7M +390,774 +29%
ACM
18
Altimeter Capital Management
Massachusetts
$45.2M +$5.03M +168,427 +12%
FPP
19
Findlay Park Partners
United Kingdom
$45M +$30.3M +1,014,000 +186%
Loomis, Sayles & Company
20
Loomis, Sayles & Company
Massachusetts
$43.7M -$4.92M -164,729 -10%
Ameriprise
21
Ameriprise
Minnesota
$36M +$980K +32,795 +3%
Diamond Hill Capital Management
22
Diamond Hill Capital Management
Ohio
$35M +$7.48M +250,260 +26%
SAM
23
Scopus Asset Management
New York
$34.3M +$15.8M +529,603 +80%
BTP
24
Bloom Tree Partners
New York
$29.6M +$8.33M +278,770 +37%
Neuberger Berman Group
25
Neuberger Berman Group
New York
$28.8M +$29.8M +998,201 New

CAR Hedge Fund Activity: Q3 2013 in Review

224 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2013, worth a combined $3.22B — up 0.49% from $3.2B a quarter earlier.

Sellers outnumbered buyers: 70 funds closed out of CAR and 30 opened new positions — a net loss of 40 holders — while 94 trimmed existing stakes and 75 added.

The largest buyer was Iridian Asset Management, adding an estimated $84.1M. The largest seller was Columbus Circle Investors, exiting entirely with an estimated $55.3M sold.

  • 224 institutional investors held Avis (CAR) as of Q3 2013, down from 267 in Q2 2013.
  • Funds reported $3.22B of Avis stock for Q3 2013, up 0.49% quarter-over-quarter.
  • 30 funds opened new Avis positions in Q3 2013 and 70 closed out, a net change of -40 holders.
  • The largest Avis buyer in Q3 2013 was Iridian Asset Management, an estimated $84.1M added.
  • The largest Avis seller in Q3 2013 was Columbus Circle Investors, an estimated $55.3M sold.

Based on aggregated 13F filings for Q3 2013.